Hey, Ross here:
In my members-only update last Friday, I shared my reasons why the low could already be in.
At the end of last week, we saw China – which isn’t part of President Trump’s tariff exemptions – sharply increase their tariffs on US goods.
But instead of falling – the markets increased instead.
That’s a powerful sign the low could already be in.
So for today, let’s look at another “negative” data point that resulted in some counterintuitive market action.
Chart of the Day
This is the survey of consumer sentiment by the University of Michigan.
The latest data was released last Friday, and as you can see – it was highly negative.
In fact, consumer sentiment is at its second-lowest levels since 1952.
Normally, you would expect such data to increase the odds of a recession and pressure stocks downward.
But that’s not what happened.
Instead, both the S&P 500 and the Nasdaq closed nearly 2% higher for the day.
Now, we’ve seen stocks closing higher on “bad” news quite a few times during the 2023–2024 bull market.
But in those cases, it was because investors figured the “bad” news could pressure the Fed into cutting rates.
That’s not the case here.
And that signals to me the low is already likely in.
But – does that mean you should just jump back in with both feet?
Not so fast. I explain more below.
Insight of the Day
Just because the low is likely already in doesn’t mean that we will see new highs anytime soon.
Sure, the odds tell me the low is probably already in.
But that doesn’t mean we’ll see new highs anytime soon…
Nor does it mean we’ll see a “slow and steady” recovery from here on out.
In fact, I expect the choppy environment to continue for quite a while.
Volatility will remain elevated and we will likely see both large upswing and downswings.
I’m not jumping back in with both feet yet.
But I am looking to take advantage of all this volatility – and you should be too.
That’s why tomorrow, Tuesday morning, at 11 a.m. Eastern…
I’m going LIVE for a market briefing to break down exactly what’s happening with stocks…
And show you a strategy that’s been turning up HUGE opportunities in the middle of the most violent market swings in recent history.
These opportunities could have doubled… tripled… even 6X’d your money while the broader markets were melting down.
So I don’t want you to miss it.
Click here now to save your seat for my live market briefing…
And I’ll see you Tuesday morning at 11 a.m. ET.
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The education and support provided have been fantastic!
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Ross Givens
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